ITC registers 11.55% increase in forex earning in FY19
ITC has registered 11.55% increase at Rs 4,673 crore in forex earning in 2018-19, driven by exports of agri-commodities. The company has made nearly $7.2 billion in the last 10 years, of which agri-exports constituted 56%. In FY19, the company and its subsidiaries earned Rs 4,673 crore in foreign exchange.
ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agri-business, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.